Category: debt ceiling

Schumer Praises Biden–McCarthy Deal, Tells Senate to Prepare for Weekend Vote

May 28, 2023
congressdebt ceilingDemocratsPoliticspresident joe bidenSenate Majority Leader Chuck SchumerSpeaker of the House Kevin McCarthyUS
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Senate Majority Leader Chuck Schumer (D-N.Y.) praised President Joe Biden for reaching an agreement with Republicans to raise the debt ceiling, telling Senate colleagues to prepare for a weekend vote on passage of the deal. “I salute President Biden for protecting the American economy and delivering for American families by taking the threat of default…

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Jeffries Noncommittal on Democrat Support for Debt Ceiling Deal

May 28, 2023
congressdebt ceilingDemocratsHouse Minority Leader Hakeem JeffriesPoliticsSpeaker of the House Kevin McCarthyUS
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House Minority Leader Hakeem Jeffries (D-N.Y.) was noncommittal on whether Democrats would support a debt ceiling deal negotiated between Republicans and the White House. On the evening of May 27, Speaker of the House Kevin McCarthy (R-Calif.) announced during a press conference that he and President Joe Biden had reached what he called “an agreement…

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‘There’s So Much In This That’s Positive’: McCarthy Defends Debt Ceiling Deal Amid GOP Backlash

May 28, 2023
congressdebt ceilingPoliticspresident joe bidenRepublicansSpeaker of the House Kevin McCarthyUS
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Speaker of the House Kevin McCarthy (R-Calif.) defended his tentative debt ceiling agreement with President Joe Biden amid backlash from his party. “There’s so much in this that’s positive,” McCarthy said during a May 28 appearance on Fox News Sunday. On the evening of May 27, McCarthy announced during a press conference that he and…

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McCarthy Confident He Can Win Enough Votes for Tentative Debt Ceiling Deal

May 28, 2023
Business & Marketscongressdebt ceilingeconomic policieseconomyExecutive BranchPoliticspresident joe bidenRepublicansSpeaker of the House Kevin McCarthyUS
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Speaker of the House Kevin McCarthy (R-Calif.) said he’s confident he can garner the votes for a tentative debt ceiling deal between Republicans and President Joe Biden. On the evening of May 27, McCarthy announced during a press conference that he and Biden had reached what he called “an agreement in principle that’s worthy of…

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‘Surrender’: Chorus of Republicans Disappointed With Debt Ceiling Agreement

May 28, 2023
Business & Marketscongressdebt ceilingeconomic policiesKevin McCarthyPolicies & ImpactsPoliticsRepublicansUSUS News
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Many Republicans are expressing their disappointment over some of the components inside the tentative debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.). McCarthy clarified details of the deal in a late Saturday night call with his GOP colleagues. A chorus of House Republicans took to Twitter to share their disappointment,…

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McCarthy: White House, Republicans Reach Debt Ceiling Agreement ‘In Principle’

May 27, 2023
Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…

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McCarthy: White House, Republican Leaders Reach Debt Ceiling Agreement ‘In Principle’

May 27, 2023
Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…

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White House, Republican Leaders Reach Debt Ceiling Agreement ‘In Principle’

May 27, 2023
Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…

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Major Update on Debt Ceiling Talks

May 27, 2023
Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…

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California Can’t Afford Newsom’s Revised Spending Plan: LAO

May 26, 2023
CaliforniaCalifornia Legislative Analystdebt ceilingNorthern CaliforniaRegional & State NewsSouthern CaliforniaState Newstax revenueUS
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Recent spending proposals outlined in Gov. Gavin Newsom’s May budget revision outpace revenues, with the chance the state can afford its spending levels less than one-in-six across a five-year period, according to a report released May 23 by the state’s nonpartisan Legislative Analyst’s Office. “If the Legislature adopts the Governor’s May Revision proposals, the state…

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